Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!

[Harrekin]

Hence why the futures markets control the price of gold and silver and is going down.
Add into that all the people who got in closer to the top selling and you have more momentum

Gold isnt water, you dont need it to survive and it has crashed before.

I think gold will crash too, silver actually has industrial applications and I think the current gold/silver price ratio is way off.

Now it could be that silver is simply undervalued compared to gold instead of gold being overvalued...

Either way, I think physical silver is the place to be in the next 10-30 years.

 

[ChesusRice]

I think gold will crash too, silver actually has industrial applications and I think the current gold/silver price ratio is way off.

Now it could be that silver is simply undervalued compared to gold instead of gold being overvalued...

Either way, I think physical silver is the place to be in the next 10-30 years.

Tungsten, Palladium and rare earth metals will be the market

 

[Harrekin]

Tungsten, Palladium and rare earth metals will be the market

None of those bar Palladium (no pun intended) are historically considered a store of wealth tho.

 

[Balzac89]

There is alot of talk that contracts are being called in and companies are only offering cash settlement. Some of the more wealthy people storing gold are calling on delivery. What happens when all the gold that has been sold 100 times is back in peoples hand and the banks can't push it around anymore.

I see a drop off in contracts and the price dropping. But how low can it go before it is impossible to get your hands on.

 

[Balzac89]

the black market will take over when the real market fails

 

[ChesusRice]

None of those bar Palladium (no pun intended) are historically considered a store of wealth tho.

I'm a machinist and right now Carbide (tungsten) is going up and up in price. We cannot machine parts without it. China has a near monopoly on it as well as other rare earth metals used in electronics.

 

[Harrekin]

I'm a machinist and right now Carbide (tungsten) is going up and up in price. We cannot machine parts without it. China has a near monopoly on it as well as other rare earth metals used in electronics.

I don't see you stacking it in your house...

 

[ChesusRice]

I don't see you stacking it in your house...

How would you know?

Used carbide inserts are 11 bucks a pound

 

[heckler73]

There is alot of talk that contracts are being called in and companies are only offering cash settlement. Some of the more wealthy people storing gold are calling on delivery. What happens when all the gold that has been sold 100 times is back in peoples hand and the banks can't push it around anymore.

I see a drop off in contracts and the price dropping. But how low can it go before it is impossible to get your hands on.

Have you looked at the supplies of gold retailers?
There is no sign of shortage.

[video=youtube;svSFuYyzEAY]http://www.youtube.com/watch?v=svSFuYyzEAY[/video]

 

[Balzac89]

Have you looked at the supplies of gold retailers?
There is no sign of shortage.

[video=youtube;svSFuYyzEAY]http://www.youtube.com/watch?v=svSFuYyzEAY[/video]

You're talking about the small players, I'm talking about the people who own alot more than these places sell. Delivery on contracts that involve large amounts of physical gold.

 

[heathen]

Will Fed-ex deliver the largest gold bar if i cash out my 401K ?

The world's largest gold bar at the Toi gold mine.​

The world's largest gold bar stands at 250 kg (551 lb), measuring at the base 45.5 cm × 22.5 cm and 17 cm high with 5 degree draft angle (equal to 15730 cm³, or 17.9 in × 8.9 in × 6.7 in≈1062.04 in³). It was manufactured by the Mitsubishi Materials Corporation, a subsidiary of Mitsubishi. It went on display at the Toi gold mine on July 11, 2005. Its gold content was valued in 2005 at 400 million yen (approximately US$3,684,000 at the time),though at current 2013 gold prices its is worth approximately US $13.5 million (value calculated is for gold weight alone @ $1,676/troy ounce, not accounting for the premium associated with being the world's largest gold bar).

Other investors under $1 million demanding delivery will receive circa 1970 medallions

 

[Balzac89]

The movement is sales is scaring the bigger people. They know what is going on with gold contracts.

 

[heckler73]

You're talking about the small players, I'm talking about the people who own alot more than these places sell. Delivery on contracts that involve large amounts of physical gold.

I understand what you mean, but if the small guys are not having a problem, what makes you think the large players are going to have a problem?
Furthermore, WHO wants to receive delivery on large quantities? Think about the costs associated with that and the risks. Do you honestly believe some cabal of billionaires are going to bother with such an operation? For what purpose?

While the scenario is not beyond the realm of imagination, it certainly is beyond the realm of rationality. After all, it hasn't happened yet, and there have been plenty of opportunities for such actions.

 

[Balzac89]

I understand what you mean, but if the small guys are not having a problem, what makes you think the large players are going to have a problem?
Furthermore, WHO wants to receive delivery on large quantities? Think about the costs associated with that and the risks. Do you honestly believe some cabal of billionaires are going to bother with such an operation? For what purpose?

While the scenario is not beyond the realm of imagination, it certainly is beyond the realm of rationality. After all, it hasn't happened yet, and there have been plenty of opportunities for such actions.

When has anyone in the market ever been rational?

 

[Balzac89]

The stocks are going to start selling off here soon with the tappering of QE coming. Hard times ahead my friends. Sell your stocks and pay off your debts. Invest in anything that is not paper.

 

[heathen]

Everyone buying gold is only buying paper that says they have gold, that is a fact.

Gold is why Libya got new leadership. Gold for oil , instead of USD? No way !!

[video=youtube;k_6kimMf7h8]http://www.youtube.com/watch?v=k_6kimMf7h8[/video]

Nato would probably airstrike your mansion if you demand delivery of a large quantity of Gold.

The United States Bullion Depository (Fort Knox ) holds 4,578 metric tons (5,046.3 short tons) of gold bullion (147.2 million oz. troy). This is roughly 3 percent of all the gold ever refined throughout human history.

Even so, the depository is second in the United States to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), some of it in trust for foreign nations, central banks and official international organizations.

 

[Harrekin]

Everyone buying gold is only buying paper that says they have gold, that is a fact.

Gold is why Libya got new leadership. Gold for oil , instead of USD? No way !!

[video=youtube;k_6kimMf7h8]http://www.youtube.com/watch?v=k_6kimMf7h8[/video]

Nato would probably airstrike your mansion if you demand delivery of a large quantity of Gold.

The United States Bullion Depository (Fort Knox ) holds 4,578 metric tons (5,046.3 short tons) of gold bullion (147.2 million oz. troy). This is roughly 3 percent of all the gold ever refined throughout human history.

Even so, the depository is second in the United States to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), some of it in trust for foreign nations, central banks and official international organizations.

Nah dude, some of us actually own the physical metals themselves

 

[heathen]

Yup like Mr T's retirement plan.

Cash for gold gave him $35 dollars for all his bling

Now he looks like this.

 

[heathen]

You prolly mean American Eagles, no?

Thats the 1 ounce American Eagle. Can ya get change for $1,517.71 ?

The coins in your Precious metals IRA LLC must be American Eagles if you want to store them at home. All other coins and bars of precious metals, meeting the purity requirements, are considered bullion, and, therefore, must be held by an IRA custodian.

[h=3]91.67% gold purity is equal to 22 karat gold[/h]91.67% gold content is a high purity of gold for a coin and is the equivalent of 22kt gold.

In comparison, the old US Gold coins made prior to 1933 were usually 90.0% gold and 10% copper. A few modern day gold coins are made of 99.9% pure gold, such as the Canadian gold Maple Leaf, Austria Philharmonic, and the new US BUFFALO 1 ounce gold coin. Because the modern coins are intended for investors and won't be handled much, the softness of the gold bullion is not much of a concern.
Throughout history most gold coins have been in the 80 to 90% purity range.

 

[tokeprep]

The stocks are going to start selling off here soon with the tappering of QE coming. Hard times ahead my friends. Sell your stocks and pay off your debts. Invest in anything that is not paper.

Investors should be nervous when the stock market is high. If I had money in the market, I would probably liquidate and go short without some convincing evidence of serious economic recovery. Who knows whether that would be wise or not...